The earliest recorded horse races can be traced back to Ancient Greece in the Greek Olympic Games around 700 BC to 4 BC. While the ancient races are a far cry from how horse racing is done today, these bareback mounted races are thought to have laid the foundation of modern horse racing the world over.
Today, horse racing is not only popular as a spectator sport in Greece; it also attracts the bettors’ community who love to take their chances on the many races happening throughout the year. If you are looking for information on horse racing betting practices in Greece, you are in the right place. Read on as we offer useful insights into how you can bet on horse racing in Greece.
Can You bet In Greece?
Yes, you can bet in Greece. Betting in Greece is legal, and there are several Greece betting sites and online betting options available for Greek bettors. To learn more about how to bet in Greece, you can visit various online resources that provide information on Greek gambling laws, common payment methods, and popular sports for betting.
If you’re interested in online betting Greece, there are several Greece betting sites that are best for Greek bettors, and you can choose the one that suits you the most. Some of the top Greece betting sites include Bet365, Novibet, and Sportingbet, which offer a range of sports betting options, including football, horse racing, tennis, and more.
To fund your account quickly and easily, these Greece betting sites offer a variety of payment methods, including e-wallets, bank transfers, and credit/debit cards. However, it’s important to note that there are some restrictions and regulations that apply to online betting in Greece, such as a considerable 35% tax on all gaming revenue and a €2 maximum stake limit on casino games that use an RNG (Random Number Generator).
Overall, if you’re interested in betting in Greece, there are several Greece betting sites and online betting options available that you can explore. Read on more for information:
Greek horse racing and betting practices
Horse racing not only constitutes one of the most ancient and significant sports in Greece, but it may also have spread from the country to the neighbouring Middle East and Africa regions. The practice of present-day horse races in Greece started in 1925 with the establishment of the racetrack at the Delta of Faliro. The facility soon became a recreational hub for the community.
By the 1950s, horse racing had become a prominent social event, and the sports gained more traction with the establishment of the Markopoulo Attica Racecourse in early 2003 as a preparation for the summer Olympics. Today, the racecourse stands at par with the premium international racecourse in the world.
Although the Markopoulo Racecourse may be the only option for Greek horse race spectators and punters, it features many high-quality contests throughout the year, like the Greek Derby, which has been taking place for around 73 years.
While horse racing, in general, has received a fair share of setbacks in Greece, the Markopoulo continues to uplift the sport’s standards by offering various exciting racing events and betting opportunities. It would not be wrong to say that it has set precedence for any possible future expansion projects.
Betting on horse racing in Greece
Efforts toward reviving horse racing in Greece have been underway for quite some time. The OPAP Group, the leading gaming company in Greece, has invested considerably to improve the infrastructure of the Markopoulo.
In December 2015, OPA deployed its subsidiary, Hellas Horses Races S.A., to organise horse racing and mutual betting in the country. While, on the one hand, the enterprise has made significant progress in improving the horse racing infrastructure, it has also facilitated betting on horse racing in Greece.
Presently, OPAP owns the exclusive license for operating horse race betting, lotteries, and sports betting in the country. The company holds a monopoly in lotteries and sports betting in Greece through its 4,000 outlets dedicated to distributing OPAP’s products.
How can I Bet Online On Horse Racing In Greece?
Now that we have established that physical betting on horse racing is through the agencies owned by OPAP let’s explore the online options. The good thing is that online betting is legal in Greece, provided the operator has acquired a license from the Hellenic Gaming Commission.
For the longest time, online gambling was not allowed in the country, and the government banned all forms of online gambling in the early 2000s. In 2012, online gambling was made legal officially as international betting sites were offered interim licenses. However, the government tried to maintain a monopoly through the state-owned OPAP.
As the international betting operators went the legal route, the E.U. declared the monopoly illegal, and new gambling regulations were implemented. Presently, many online betting sites are offering services in Greece, including Sportingbet, Bwin, Bet365, etc.